MIRA
INFORM REPORT
|
Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
BRANDED CLOTHING INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
1 Waterside, Station Road, Harpenden, AL5
4US, Hertfordshire County |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.011.2011 |
|
|
|
|
Date of Incorporation : |
18.01.1999 |
|
|
|
|
Com. Reg. No.: |
03699679 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Sale of Clothing |
|
|
|
|
No. of Employees : |
31 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
|
Branded Clothing International Ltd. |
|
|
|
||||||||||||||||
Head Office
Unit 5 Wheatcroft Business House Wheatcroft Business Park,
Landmere Lane,
Edwalton Nottngham NG 12 4DG,
United Kingdom
|
Employees: |
31 |
|
Company Type: |
Private Subsidiary |
|
Corporate
Family: |
5 Companies |
|
Ultimate Parent: |
|
|
|
|
|
Quoted Status: |
Non-quoted Company |
|
Incorporation Date: |
18-Jan-1999 |
|
Auditor: |
Lbca Ltd |
|
Financials in: |
|
|
Fiscal Year End: |
30-Nov-2011 |
|
Reporting
Currency: |
British Pound Sterling |
|
Annual Sales: |
13.7 1 |
|
Net Income: |
0.3 |
|
Total Assets: |
6.2 |
Business Description
|
Sale of clothing. |
Industry
|
Industry |
Apparel and Accessories |
|
ANZSIC 2006: |
371 - Textile, Clothing and Footwear
Wholesaling |
|
NACE 2002: |
5142 - Wholesale of clothing and footwear |
|
NAICS 2002: |
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers |
|
UK SIC 2003: |
5142 - Wholesale of clothing and footwear |
|
US SIC 1987: |
513 - Apparel, Piece Goods, and Notions |
|
|
|
|
|
|||||||||||||
|
|
Financial Summary |
|
|
|
|||||||||
|
||||||||||||||||||||||
Registered No.(UK)
03699679
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6238039
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6358088
|
|
|
|
|
|
||||||||||||||||||||||||||||||
|
ANZSIC 2006 Codes: |
||
|
371 |
- |
Textile, Clothing and Footwear Wholesaling |
|
NACE 2002 Codes: |
||
|
5142 |
- |
Wholesale of clothing and footwear |
|
NAICS 2002 Codes: |
||
|
4243 |
- |
Apparel, Piece Goods, and Notions Merchant Wholesalers |
|
US SIC 1987: |
||
|
513 |
- |
Apparel, Piece Goods, and Notions |
|
UK SIC 2003: |
||
|
5142 |
- |
Wholesale of clothing and footwear |
|
Sale of clothing. |
|
Financials in: |
GBP(mil) |
|
|
|
|
|
|
Revenue: |
8.5 |
|
|
Net Income: |
0.2 |
|
|
Assets: |
3.9 |
|
|
Current Assets: |
3.9 |
|
|
Fixed Assets: |
0.1 |
|
|
Long Term Debt: |
0.0 |
|
|
Total Liabilities: |
3.7 |
|
|
Issued Capital: |
0.0 |
|
|
Working Capital: |
0.2 |
|
|
Net Worth: |
0.2 |
|
|
|
|
|
|
Date of Financial Data: |
30-Nov-2011 |
|
|
|
|
1 Year Growth |
|
-17.6% |
|
NA |
|
7.1% |
|
Auditor: |
Lbca Ltd |
|
|
|
|
Auditor: |
Lbca Ltd |
|
|
|
|
|
GBP(mil) |
|
Audit Fees: |
0.0 |
|
Audit Fiscal Year: |
11-30-2011 |
|
Corporate Structure News: |
|
|
|
|
|
Branded Clothing International Ltd. |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
Source |
|
Parent |
Harpenden |
United Kingdom |
Business Services |
13.7 |
31 |
EXP |
|
|
Subsidiary |
Harpenden |
United Kingdom |
Apparel and Accessories |
13.7 |
31 |
EXP |
|
|
Subsidiary |
Harpenden |
United Kingdom |
Business Services |
|
|
EXP |
|
|
Subsidiary |
Harpenden |
United Kingdom |
Nonclassifiable Industries |
|
|
RM |
|
|
Subsidiary |
Harpenden |
United Kingdom |
Nonclassifiable Industries |
|
|
RM |
|
|
|
||||||||||||||||||||||||||||||||||||||
Directors
and Shareholders Report
|
Main Office Address: |
Tel: 0115 970 4544 |
Annual Return Date: 18 Jan 2012 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
20 Apr 1971 |
Tollgate House, 2 Pilgrims Way, |
18 Jan 2001 |
NA |
Current:6 |
|
|
|
Previous |
06 Jan 1946 |
C/O Anthony Alan Associates, Old Ross Road Whitchurch, |
18 Jan 1999 |
14 Jun 1999 |
Current:0 |
|
|
|
Previous |
05 Mar 1947 |
12 New Cavendish Street, |
01 Jul 1999 |
19 Jan 2001 |
Current:43 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
39 Goodwin Drive, Kimberley, |
07 Feb 2011 |
NA |
Current:1 |
|
|
|
Previous |
05 Oct 1971 |
11 Pinfold Crescent, Woodborough, |
31 Aug 2002 |
05 Oct 2009 |
Current:0 |
|
|
|
Previous |
NA |
The Bungalow Brange Estate, Putley, |
18 Jan 1999 |
31 Aug 2002 |
Current:0 |
|
|
|
Previous |
NA |
11 Lamb Close, |
05 Oct 2009 |
07 Feb 2011 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
|
Individual Shareholders |
||||||
|
|
||||||
|
There are no individual shareholders for this company. |
||||||
|
|
||||||
|
|
||||||
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
05130915 |
10000 Ordinary GBP 1.00 |
Ordinary |
10,000 |
1.00 |
10,000.00 |
100.00 |
|
|
|
|||||||
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
30-Nov-2011 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
43 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623804 |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Turnover |
13.7 |
15.9 |
16.8 |
- |
- |
|
Cost of Sales |
11.1 |
13.0 |
- |
- |
- |
|
Total Expenses |
- |
- |
16.5 |
- |
- |
|
Gross Profit |
2.6 |
2.9 |
- |
4.1 |
5.5 |
|
Depreciation |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Other Expenses |
2.3 |
3.3 |
- |
4.7 |
6.1 |
|
Operating Profit |
- |
- |
- |
- |
-0.6 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
-0.9 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
0.4 |
-0.4 |
0.4 |
-0.5 |
-1.6 |
|
Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.0 |
-0.2 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
3.6 |
0.1 |
|
Profit After Taxes |
0.3 |
-0.4 |
0.4 |
-4.1 |
-1.5 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
31 |
34 |
54 |
58 |
76 |
|
Wages |
1.2 |
1.9 |
2.1 |
2.9 |
3.6 |
|
Social Security Costs |
0.1 |
0.2 |
0.2 |
0.3 |
0.4 |
|
Pensions |
- |
- |
- |
- |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
1.4 |
2.1 |
2.4 |
3.2 |
4.0 |
|
Directors Emoluments |
- |
- |
- |
- |
0.1 |
|
Other Costs |
- |
- |
- |
- |
0.0 |
|
Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Highest Paid Director |
0.1 |
0.1 |
0.1 |
- |
- |
|
|
|
Annual Balance Sheet |
|
Financials in:
USD (mil) |
|
|
30-Nov-2011 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.635809 |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Total Tangible Fixed Assets |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Stocks |
- |
1.1 |
1.6 |
1.1 |
- |
|
Work in Progress |
- |
0.0 |
0.0 |
0.0 |
- |
|
Total Stocks Work In Progress |
0.5 |
1.1 |
1.6 |
1.1 |
2.4 |
|
Trade Debtors |
3.9 |
2.8 |
2.4 |
2.1 |
2.7 |
|
Inter-Company Debtors |
0.2 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
0.2 |
0.6 |
0.6 |
0.7 |
0.7 |
|
Total Debtors |
4.4 |
3.4 |
3.0 |
2.8 |
3.4 |
|
Cash and Equivalents |
1.2 |
0.2 |
0.3 |
1.6 |
2.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.2 |
0.2 |
|
Total Current Assets |
6.1 |
4.7 |
4.9 |
5.7 |
8.1 |
|
Total Assets |
6.2 |
4.8 |
5.0 |
5.7 |
8.3 |
|
Trade Creditors |
1.5 |
1.9 |
1.3 |
1.2 |
1.9 |
|
Inter-Company Creditors |
0.3 |
0.4 |
1.0 |
2.6 |
- |
|
Director Loans (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Accruals/Deferred Income (Current Liability) |
0.8 |
0.6 |
1.0 |
1.5 |
1.0 |
|
Social Security/VAT |
0.1 |
0.0 |
0.1 |
0.3 |
0.6 |
|
Corporation Tax |
0.0 |
0.0 |
- |
0.0 |
- |
|
Other Current Liabilities |
2.9 |
1.6 |
1.1 |
0.0 |
0.1 |
|
Total Current Liabilities |
5.8 |
4.7 |
4.5 |
5.7 |
3.6 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
0.3 |
0.0 |
0.5 |
0.1 |
4.6 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
0.4 |
0.0 |
0.5 |
0.1 |
4.6 |
|
Net Worth |
0.4 |
0.0 |
0.4 |
0.1 |
4.6 |
|
|
|
Annual Cash Flows |
|
Financials in:
USD (mil) |
|
|
30-Nov-2011 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
43 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623804 |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
- |
- |
- |
- |
2.4 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
- |
- |
- |
0.0 |
|
Taxation |
- |
- |
- |
- |
-0.4 |
|
Capital Expenditures |
- |
- |
- |
- |
0.0 |
|
Acquisitions and Disposals |
- |
- |
- |
- |
0.0 |
|
Paid Up Equity |
- |
- |
- |
- |
-0.1 |
|
Management of Liquid Resources |
- |
- |
- |
- |
0.0 |
|
Net Cash Flow From Financing |
- |
- |
- |
- |
-0.1 |
|
Increase in Cash |
- |
- |
- |
- |
1.8 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
30-Nov-2011 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
43 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.635809 |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.06 |
0.99 |
1.08 |
1.00 |
2.23 |
|
Liquidity Ratio |
0.97 |
0.76 |
0.74 |
0.80 |
1.58 |
|
Stock Turnover |
31.27 |
15.05 |
11.03 |
- |
- |
|
Credit Period (Days) |
88.87 |
61.39 |
52.10 |
- |
- |
|
Working Capital by Sales |
2.06% |
-0.22% |
2.17% |
- |
- |
|
Trade Credit by Debtors |
0.39 |
0.70 |
0.51 |
0.59 |
0.70 |
|
Return on Capital |
103.29% |
-511.16% |
76.02% |
-468.75% |
-33.18% |
|
Return on Assets |
6.89% |
-9.49% |
7.80% |
-6.77% |
-18.63% |
|
Profit Margin |
2.63% |
-2.79% |
2.30% |
- |
- |
|
Return on Shareholders Funds |
116.96% |
-1,439.43% |
83.03% |
-468.75% |
-33.24% |
|
Borrowing Ratio |
112.38% |
1,645.68% |
240.92% |
3,835.09% |
1.72% |
|
Equity Gearing |
5.89% |
0.66% |
9.39% |
1.44% |
56.03% |
|
Debt Gearing |
13.66% |
181.60% |
9.77% |
- |
0.19% |
|
Interest Coverage |
50.02 |
-48.39 |
72.84 |
-32.76 |
-90.32 |
|
Sales by Tangible Assets |
238.95 |
149.71 |
142.21 |
- |
- |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.5 |
0.5 |
0.3 |
- |
- |
|
Capital Employed per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
10.08% |
12.91% |
14.16% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
42.69 |
52.32 |
26.80 |
- |
- |
|
Creditor Days (Sales Based) |
34.51 |
42.78 |
26.80 |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.80 |
|
|
1 |
Rs.87.66 |
|
Euro |
1 |
Rs.68.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.